The Communication of Investments (Revocation) (EU Exit) Regulations 2018

This instrument intends to address a deficiency in the operation of retained European Union (EU) law as provided for by the European Union (Withdrawal) Act 2018. Specifically, this instrument revokes two Euratom Regulations associated with Article 41 of the Euratom Treaty. These are Council Regulation (Euratom) No 2587/1999 of 2 December 1999 and Council Regulation (Euratom) No 1209/2000 of 8 June 2000. Article 41 requires operators within Euratom member states to communicate new nuclear investment projects and significant changes to existing projects to the European Commission. Article 41 will cease to apply to the UK when it exits from the EU and operators will no longer have to comply with this requirement. However, the two Euratom Regulations (Regulation 2587/1999 and Regulation 1209/2000) that underpin the Article, by defining the type of investment covered and way in which the communication to the Commission should be made, will be retained in UK law as a result of the European Union (Withdrawal) Act 2018. This instrument revokes these two Regulations in order to remove the deficiency in the statute book on exit.